Members Equity Credit Card Issuer

Members Equity Bank was established in 1994 as the Super Members Home Loans, a small credit union offering mortgage assistance. When it obtained its banking license in 2001, it opened to other financial services and eventually grew into one of Australia's top financial service organizations. Members Equity Bank, now provides over $12 billion in low-cost home loans to its members.

Credit card solutions

The company also offers the Members Equity MasterCard, a low-cost, user-friendly credit card. The Members Equity Credit Card is designed to help members with home loans better manage their finances.
Members Equity Credit Cards also come with the following benefits:
- Easily transfer your balance from your other cards to your Members Equity Credit Card and save on transfer charges
- Competitive credit card rates-one of the lowest in the country
- The low annual fee can be disregarded after the first year for customers who spend over $7,500 yearly
- No charge for members who have existing Members Equity credit cards
- Replacement services are available worldwide in case your Members Equity credit card is stolen or lost
- Enjoy exclusive benefits from MasterCard, such as hotel and resort offers and easy booking Applause, MasterCard's online booking service

Other services

Besides Members Equity credit cards, the company also offers savings accounts, term deposits, home loans, and personal loans. The Online Savings Account allows you to save at a high interest rate and access your funds easily via phone or internet banking. For a higher-yielding option, there's also the InterestME Savings Account, which combines the features of a transaction account and savings account.
The term deposit account is also available for those who want a fixed interest rate for a fixed period. There are five different terms to choose from, all with daily-calculated interest paid out upon maturity.